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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What are PCBs?

A) A chemical compound that occurs naturally in the environment
B) A substance that grows due to moisture problems
C) A substance resulting from the decay of uranium
D) Chemical compounds used in cooling and insulating, mainly in electrical transformers

2. An organization with many investors who jointly participate in a real estate investment and must adhere to the rules and regulations of the Securities and Exchange Commission is a

A) Partnership
B) S corporation
C) C corporation
D) Syndicate

3. When preparing the sales contract, when is it acceptable for a licensee who is not an attorney to offer legal advice to the client?

A) When determining the amount of the purchase offer
B) Never
C) When discussing the amount of earnest money to place as a down payment
D) When covering the options for terms and contingencies

4. When an offer is prepared by a licensee for a buyer to present to a seller, who determines the amount of the earnest money offered?

A) The licensee
B) The buyer
C) The broker
D) The seller

5. Which document is provided to borrowers at least three days prior to closing and provides disclosures about the costs of the transaction?

A) Loan Estimate
B) The Mortgage Servicing Transfer Disclosure
C) Closing Disclosure
D) Escrow closing notice

Solutions: